Tall Oil Rosin Price Trend and Forecast
Tall Oil Rosin Price Trend and Forecast
ChemAnalyst
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Tall Oil Rosin Price decreased in the US market throughout the fourth quarter of 2022 on the back of adequate material availability and weak downstream demand. Furthermore, the dramatic decline in freight charges resulted in cheap imported materials. In addition, the performance of the adhesives and automotive industry remained comparatively weak during this quarter, which constrained the consumption of Tall Rosin oil. Meanwhile, the supply chain has operated normally, which leads to better material availability in the domestic market. For the first time in 30 months, the USA witnessed a contraction in industrial and manufacturing activity as consumer sentiments softened while Federal Reserve continued tightening the monetary policy to control inflation rates.
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